The following partial amortization schedule is available for Wildhorse Co. who sold $1125000, 5-year, 10% bonds on January 1, 2017 for $1170000 and uses annual straight-line amortization.

January 1, 2017

- Unamortized Premium $45000

- Bond Carrying Value $1170000

January 1, 2018

- Interests Expense ???

Which of the following amounts should be shown?

a) $117000

b) $103500

c) $90000

d) $121500